Sources report that construction’s expected to start on Le Park 27 in June 2023. At the time of publication, the venture was in its early planning stages. However, the development aims to alleviate the housing crisis in Miami-Dade County.
Miami-based Terra and AB Asset Management have secured a $43.2 million refinancing loan for Residences in the Grove, a 148-unit residential building planned at 2835 Tigertail Avenue in the heart of Miami’s Coconut Grove neighborhood. The financing provided by the City National Bank of Florida and KS Finance Corporation will fund preliminary demolition and site work in preparation for the project’s groundbreaking. Construction of Residences in the Grove is estimated to get underway later this year, with completion slated for 2025.
Twenty-Nine Indian Creek is a seven-story luxury residential development planned for Miami Beach’s Faena District. It will offer 11 boutique residences, including one penthouse, eight standard units, and two townhomes.
The developers of One Brickell City Centre have signed a utility agreement to connect the upcoming supertall office tower at 700 Brickell Avenue to Miami-Dade County’s water and sewer system. The agreement, dated February 22, lists 700 Brickell City Centre LLC and Brickell City Centre Project LLC as the developing entities, with Kieran Bowers of Swire Properties signing on behalf of both entities. Hudson Yards developer Related Companies, led by Stephen Ross, is also a partner in the project. Miami-based Arquitectonica designed the project.
Discovery Senior Living hopes to move forward with Choreograph Daytona Beach, a senior living community. Plans call for more than 270,000 square feet of new construction, featuring 200 one-bedroom and two-bedroom units.
